TI Group: Difference between revisions
No edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
1982 [[Tube Investments]] changed its name to '''TI Group''' plc<ref>The Times, Mar 11, 1982</ref> | 1982 [[Tube Investments]] changed its name to '''TI Group''' plc<ref>The Times, Mar 11, 1982</ref> | ||
Revision as of 11:52, 16 March 2023
1982 Tube Investments changed its name to TI Group plc[1]
1982 The company was heavily in debt but the main cause of concern was the holding in British Aluminium Co through T. I. Aluminium[2]
1985 FKI Electricals acquired 4 transport equipment companies: TI Crypton, TI Bradbury, TI Transervice, TI Transport Equipment[3]
1986 Under a new chief executive, the company's strategy became one of concentrating on specialized engineering activities; the businesses producing domestic appliances and low margin goods were to be sold[4]
1986 Sold Russell Hobbs and Tower Housewares to Polly Peck[5]
1987 Strategic redirection continued. Sold the home heating division, Glow Worm Boilers and Parkray, to Hepworth Ceramic Holdings[6]
1987 Raleigh was sold. Creda was sold to the GEC Group. The New World division was sold to Birmid Qualcast; New World was the largest cooker maker in Britain[7]
1988 Acquired Thermal Scientific. TI kept the vacuum equipment and thermal processing activities but disposed of everything else. It was expected that these would fit with TI's Ipsen Abar subsidiary.[8]
1988 Acquired Bundy Corporation of USA[9]
1992 Dowty Group was purchased.
1996 Sold 3 small subsidiary companies, TI Desford Tubes, TI Matrix Engineering and Hollow Extrusions, to Hay Hall Group[10]; Accles and Pollock was also sold to Hay Hall Group.
1998 Sold the Thermal Processing Group to Bodycote[11]
1999 Creation of TI Group Automotive Systems
2000 TI Group merged with Smiths Industries to become the Smiths Group.